Personal Lines
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes.
But here is ...
A New Approach: Florida Agents Association Invests in Startup Insurer
The Florida Association of Insurance Agents, the largest agent group in the state, has invested in a startup insurance carrier, a move designed to help keep agents in the game and to bring more ...
U.S. Home Insurance Premiums May Hit a Record This Year, Report Warns
U.S. home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average ...
AM Best Downgrades State Farm General Ratings
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those ...
CEO of Florida’s Citizens Pushes Back on Lawmaker’s Solvency Questions
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments ...
State Farm Update: More ‘Difficult but Necessary’ Decisions in California
State Farm wasn't quite done making tough decisions about writing business in California when it announced that it wouldn't accept applications for new homeowners policies in the state in May of last ...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Do motorist-assistance systems like GM's OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed ...
California Insurer of Last Resort Is Unprepared for Big Disaster
California's property insurer of last resort told lawmakers that it's financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential ...
Why Do I Need a Lawyer? I Was Just Out for a Walk
During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer.